10 Most Expensive Cities To Live in Colorado

Colorado might be the ideal place for the outdoorsy kind, but to consider moving to the one of the most expensive cities to live in Colorado has a great bearing on the affordability factor. The state does have a lot of offer to crank up the livability quotient. Nevertheless, it is also fast catching up with its high price real estates and overall prices.

Colorado’s main charm is its appeal to all kinds of people – from the adventurers to the peace lovers, everybody finds a space of their own here. And, even though the “300 days of sunshine” might be a bit of an exaggeration, there are in fact a million things about the state that makes it feel like home to many. It is peppered with rocky terrains and yet, closer to urban culture. More so Colorado seems to have no dearth of swanky properties as can be inferred from Forbes’ list of America’s Most Expensive Zip Codes 2015( in fact, there are quite a few top contenders in from Colorado in the list), while the average listing price of a four-bedroom, two-bathroom home in Colorado is  a whopping $418,344.

Like the 10 Most Expensive Cities to live in the Bay Area, Colorado’s expensive cities are marked with inflated real estate prices, rent rates and higher cost of living in general. Undoubtedly, some of the most prominent cities like Denver, Boulder, Louisville, and Broomfield made their way on the list (which is almost a no brainer). However, strikingly and contrary to popular belief, Denver might not be the most expensive city to live in, after all. We referred to different sources and considered all the criteria available to us, rating each citiy on the parameters – and the results have vehemently revealed that the top most expensive city in Colorado is indeed someplace else. The sources considered towards creating the list include Coldwell Banker Home Listing Report, Zumper’s Colorado Rent Report and Cost of Living reports by Career Trends.

So, let’s proceed to the list of most expensive cities to live in Colorado and find out which city makes it as No.1!

10. Westminster

Like many on the list, Westminster has considerably higher real estate price listings. The average price in the area touches as high as $561,762, which in fact is higher than prices prevailing in Denver itself.

9. Louisville

With a population of 18,376, the quaint little city in Colorado is celebrated for its high quality of life. It even ranked third in Money magazine’s list of 100 Best Places to live in the United States. The rent prices are soaring though, with median rent touching almost $1400.

8. Parker

While one can enjoy all the goodness of outdoor activities in Parker, be it cycling, hiking or skiing – the rent and real estate is quite expensive in the area, earning Parker the 8th spot among the most expensive cities to live in Colorado. It is also one of the fastest growing cities in the state.

7. Teller County

With the cost of living index is generally high in Teller County, it makes life in the area a sort of expensive one. Costs involved in childcare, transportation and taxes are relatively higher than normal even though the housing index is at par with the country average.

6. Evergreen

Jefferson County’s suburban community town, Evergreen has seen quite the jump in real estate prices in recent years. The prices have risen from an average of $427,883 to a staggering $666,859 in the span of a year.

5. Greenwood Village

Located in Arapahoe County, Greenwood city has a population of 13,925. However rent bearings are very high and only second to Boulder. The median rent rate for all houses is $1430

4. Castle Rock

The Douglas County city is the most populous city in the county with a population of 53,828. The high median income of $87,407 makes the city lucrative enough but has its bearings on the housing prices. Real estate prices have almost doubled to $666,859 in recent years.

3. Broomfield

The growth rate of Broomfield stands at a 7% which makes it one of the top 10 fastest growing cities in the state. The city is technology inclined. However, residents have to incur higher expenses owing to soaring cost of living prices which is almost 10% higher and also greater housing expenses.

2. Denver

Yes, as we said earlier, Colorado’s most prominent city only rounds up to the second position on this list. Even though all prices in Denver are relatively high, it doesn’t nearly cut as the highest. It ranks only 5^th as far as real estate prices are concerned and only 2^nd as per cost of living.

1. Boulder

It’s Boulder that tops the list in terms of being the priciest! Boulder ranks high in all three areas whether it is the cost of living, real estate or rent. While the cost of living prices are a significant 21% higher, average real estate price is a mind-blowing $1,044,656. All of this clearly makes Boulder the No.1 of the most expensive cities to live in Colorado.